TransDigm Group Incorporated (TDG) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 10, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q3 FY2026, filed Aug 4, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the TDG SEC filings page.
TransDigm Group Incorporated (TDG) reported $10.0B in revenue over the twelve months to Jun 27, 2026, up 16.7% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
TransDigm turns sales growth into expanding margins and cash, while heavier borrowing increases the claim on earnings.
The latest year's net income grew21.1% , but operating cash flow was nearly unchanged from FY2024. Free cash flow fell3.4% as capital spending rose34.5% , so accounting growth did not produce more cash after reinvestment.
Operating margin climbed from
Long-term debt reached
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of TransDigm Group Incorporated's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
TransDigm Group Incorporated has an operating margin of 47.2%, meaning the company retains $47 of operating profit per $100 of revenue. This strong profitability earns a score of 98/100, reflecting efficient cost management and pricing power. This is up from 44.5% the prior year.
TransDigm Group Incorporated's revenue grew 11.2% year-over-year to $8.8B, a solid pace of expansion. This earns a growth score of 77/100.
With a current ratio of 3.21, TransDigm Group Incorporated holds $3.21 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 81/100.
TransDigm Group Incorporated converts 20.6% of revenue into free cash flow ($1.8B). This strong cash generation earns a score of 87/100.
TransDigm Group Incorporated scores 1.72, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($61.2B) relative to total liabilities ($32.6B). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
TransDigm Group Incorporated passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, TransDigm Group Incorporated generates $0.98 in operating cash flow ($2.0B OCF vs $2.1B net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
TransDigm Group Incorporated earns $2.65 in operating income for every $1 of interest expense ($4.2B vs $1.6B). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
Earnings & Revenue
TransDigm Group Incorporated generated $2.7B in revenue in Q3 2026. This represents an increase of 22.5% from the same quarter a year earlier. Against the prior quarter it is up 7.7%.
TransDigm Group Incorporated's EBITDA was $1.3B in Q3 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 19.0% from the same quarter a year earlier. Against the prior quarter it is up 4.8%.
TransDigm Group Incorporated reported $539.0M in net income in Q3 2026. This represents an increase of 9.6% from the same quarter a year earlier. Against the prior quarter it is up 0.7%.
TransDigm Group Incorporated earned $9.39 per diluted share (EPS) in Q3 2026. This represents an increase of 10.9% from the same quarter a year earlier. Against the prior quarter it is up 2.1%.
Cash & Balance Sheet
TransDigm Group Incorporated generated $650.0M in free cash flow in Q3 2026, representing cash available after capex. This represents an increase of 13.4% from the same quarter a year earlier. Against the prior quarter it is up 915.6%.
TransDigm Group Incorporated held $2.8B in cash against $32.6B in long-term debt as of Q3 2026.
Not reported for Q3 2026.
Margins & Returns
TransDigm Group Incorporated's gross margin was 59.4% in Q3 2026, indicating the percentage of revenue retained after direct costs. This is down 0.2 percentage points from the same quarter a year earlier. It is unchanged from the prior quarter.
TransDigm Group Incorporated's operating margin was 44.8% in Q3 2026, reflecting core business profitability. This is down 1.7 percentage points from the same quarter a year earlier. Against the prior quarter it is down 1.6 percentage points.
TransDigm Group Incorporated's net profit margin was 19.7% in Q3 2026, showing the share of revenue converted to profit. This is down 2.3 percentage points from the same quarter a year earlier. Against the prior quarter it is down 1.4 percentage points.
Not reported for Q3 2026.
Capital Allocation
TransDigm Group Incorporated spent $1.1B on share buybacks in Q3 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 729.0% from the same quarter a year earlier. Against the prior quarter it is up 76.6%.
TransDigm Group Incorporated invested $74.0M in capex in Q3 2026, funding long-term assets and infrastructure. This represents an increase of 27.6% from the same quarter a year earlier. Against the prior quarter it is up 4.2%.
Not reported for Q3 2026.
TDG Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.7B+22.5% | $2.5B+18.3% | $2.3B+13.9% | $2.4B+11.5% | $2.2B+9.3% | $2.1B+12.0% | $2.0B+12.1% | $2.2B+25.3% |
| Cost of Revenue | $1.1B+23.0% | $1.0B+17.9% | $933.0M+21.0% | $968.0M+4.3% | $905.0M+9.6% | $876.0M+14.2% | $771.0M+3.2% | $928.0M+29.8% |
| Gross Profit | $1.6B+22.2% | $1.5B+18.6% | $1.4B+9.5% | $1.5B+16.9% | $1.3B+9.2% | $1.3B+10.6% | $1.2B+18.5% | $1.3B+22.3% |
| SG&A Expenses | $332.0M+37.2% | $273.0M+15.7% | $254.0M+20.4% | $256.0M-3.0% | $242.0M-2.4% | $236.0M-4.8% | $211.0M-4.1% | $264.0M+26.3% |
| Operating Income | $1.2B+18.1% | $1.2B+18.9% | $1.0B+7.0% | $1.2B+23.1% | $1.0B+11.2% | $991.0M+14.3% | $974.0M+23.8% | $943.0M+20.4% |
| EBITDA | $1.3B+19.0% | $1.3B+18.8% | $1.1B+7.3% | $1.3B+21.3% | $1.1B+12.0% | $1.1B+15.0% | $1.1B+24.0% | $1.0B+21.7% |
| Interest Expense | $514.0M+29.5% | $484.0M+28.0% | $475.0M+25.7% | -$2.7B-22.3% | $397.0M+25.6% | $378.0M+16.0% | $378.0M+26.0% | -$2.2B-665.6% |
| Income Tax | $173.0M+21.8% | $164.0M+14.7% | $127.0M+0.8% | $144.0M+4.3% | $142.0M+0.7% | $143.0M+24.3% | $126.0M+18.9% | $138.0M+17.9% |
| Net Income | $539.0M+9.6% | $535.0M+11.7% | $445.0M-9.7% | $610.0M+30.3% | $492.0M+6.7% | $479.0M+18.9% | $493.0M+29.1% | $468.0M+33.3% |
| EPS (Basic) | $9.39+10.9% | $9.20+11.7% | $6.62-13.1% | $7.77+33.7% | $8.47+6.4% | $8.24+18.2% | $7.62+56.5% | $5.81-5.4% |
| EPS (Diluted) | $9.39+10.9% | $9.20+11.7% | $6.62-13.1% | $7.77+33.7% | $8.47+6.4% | $8.24+18.2% | $7.62+56.5% | $5.81-5.4% |
| Diluted Shares (Avg) | 57M-1.2% | 58M+0.2% | 58M-0.2% | N/A | 58M+0.3% | 58M+0.5% | 58M+1.0% | N/A |
Not reported in any period shown, so not listed: R&D Expenses.
TDG Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $26.8B+17.9% | $25.4B+16.1% | $23.8B+10.4% | $22.9B-10.5% | $22.7B+4.0% | $21.9B+1.5% | $21.5B+4.0% | $25.6B+30.8% |
| Current Assets | $7.8B+12.4% | $8.6B+33.9% | $7.0B+13.2% | $7.0B-30.1% | $6.9B-2.1% | $6.4B-22.6% | $6.2B-16.8% | $10.0B+60.4% |
| Cash & Equivalents | $2.8B-0.7% | $3.9B+60.1% | $2.5B+2.8% | $2.8B-55.2% | $2.8B-16.9% | $2.4B-43.4% | $2.5B-40.5% | $6.3B+103.9% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $2.6B+24.1% | $2.4B+19.4% | $2.4B+23.0% | $2.1B+11.7% | $2.1B+10.9% | $2.0B+14.7% | $1.9B+13.0% | $1.9B+17.0% |
| Accounts Receivable | $1.8B+19.7% | $1.7B+19.3% | $1.6B+21.7% | $1.6B+17.1% | $1.5B+16.8% | $1.4B+20.1% | $1.3B+12.2% | $1.4B+19.2% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $12.2B+15.3% | $11.0B+6.6% | $11.1B+7.5% | $10.6B+1.9% | $10.5B+5.3% | $10.4B+14.4% | $10.3B+14.0% | $10.4B+14.0% |
| Total Liabilities | $36.5B+31.7% | $34.8B+26.4% | $33.0B+18.9% | $32.6B+2.3% | $27.7B+13.8% | $27.6B+12.1% | $27.8B+14.8% | $31.9B+45.2% |
| Current Liabilities | $2.6B+16.4% | $2.4B+17.6% | $2.5B+11.0% | $2.2B-65.6% | $2.2B+19.4% | $2.1B-7.2% | $2.3B+25.6% | $6.3B+313.5% |
| Non-Current Liabilities | $33.9B+33.0% | $32.4B+27.1% | $30.5B+19.6% | $30.4B+19.1% | $25.5B+13.3% | $25.5B+14.0% | $25.5B+13.9% | $25.5B+25.1% |
| Long-Term Debt | $32.6B+34.4% | $31.1B+28.2% | $29.2B+20.1% | $29.2B+20.0% | $24.3B+13.6% | $24.3B+13.9% | $24.3B+13.8% | $24.3B+25.6% |
| Total Equity | -$9.8B-96.0% | -$9.4B-65.8% | -$9.3B-48.1% | -$9.7B-54.0% | -$5.0B-98.7% | -$5.7B-87.2% | -$6.3B-78.1% | -$6.3B-162.7% |
| Retained Earnings | -$9.1B-53.7% | -$9.6B-50.4% | -$10.2B-47.9% | -$10.6B-44.1% | -$5.9B-73.4% | -$6.4B-65.6% | -$6.9B-61.2% | -$7.4B-142.6% |
TDG Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $724.0M+14.7% | $135.0M-8.8% | $832.0M+10.6% | $507.0M-11.4% | $631.0M+3.8% | $148.0M-35.4% | $752.0M+18.2% | $572.0M+40.9% |
| Depreciation & Amortization | $118.0M+29.7% | $105.0M+18.0% | $100.0M+11.1% | $96.0M+2.1% | $91.0M+21.3% | $89.0M+23.6% | $90.0M+26.8% | $94.0M+36.2% |
| Stock-Based Compensation | N/A | N/A | $27.0M+8.0% | N/A | N/A | N/A | $25.0M-51.0% | N/A |
| Capital Expenditures | $74.0M+27.6% | $71.0M+26.8% | $60.0M+42.9% | $66.0M+61.0% | $58.0M+45.0% | $56.0M+16.7% | $42.0M+16.7% | $41.0M+13.9% |
| Free Cash Flow | $650.0M+13.4% | $64.0M-30.4% | $772.0M+8.7% | $441.0M-16.9% | $573.0M+0.9% | $92.0M-49.2% | $710.0M+18.3% | $531.0M+43.5% |
| Investing Cash Flow | -$2.2B-1313.3% | -$164.0M+1.8% | -$973.0M-3954.2% | -$246.0M+65.0% | -$158.0M+89.9% | -$167.0M-38.0% | -$24.0M+52.0% | -$702.0M+9.5% |
| Financing Cash Flow | $403.0M+412.4% | $1.4B+5891.7% | -$141.0M+96.9% | -$231.0M-107.7% | -$129.0M+75.0% | -$24.0M-104.0% | -$4.5B-6840.3% | $3.0B+379.8% |
| Dividends Paid | $0 | $0 | $59.0M-98.7% | $5.2B | $0 | $0 | $4.4B+115.7% | $0 |
| Share Buybacks | $1.1B+729.0% | $615.0M+1060.4% | $106.0M-66.5% | $0 | $131.0M | $53.0M | $316.0M | $0 |
TDG Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 59.4%-0.2pp | 59.4%+0.1pp | 59.2%-2.4pp | 60.3%+2.7pp | 59.5%-0.1pp | 59.3%-0.8pp | 61.6%+3.3pp | 57.6%-1.4pp |
| Operating Margin | 44.8%-1.7pp | 46.3%+0.2pp | 45.6%-2.9pp | 47.6%+4.5pp | 46.5%+0.8pp | 46.1%+0.9pp | 48.5%+4.6pp | 43.1%-1.8pp |
| Net Margin | 19.7%-2.3pp | 21.0%-1.3pp | 19.5%-5.1pp | 25.0%+3.6pp | 22.0%-0.5pp | 22.3%+1.3pp | 24.6%+3.2pp | 21.4%+1.3pp |
| Return on Assets | 2.0%-0.2pp | 2.1%-0.1pp | 1.9%-0.4pp | 2.7%+0.8pp | 2.2%+0.1pp | 2.2%+0.3pp | 2.3%+0.4pp | 1.8%0.0pp |
| Current Ratio | 3.02-0.1x | 3.52+0.4x | 2.75+0.1x | 3.21+1.6x | 3.13-0.7x | 3.09-0.6x | 2.70-1.4x | 1.58-2.5x |
| Asset Turnover | 0.100.0x | 0.100.0x | 0.100.0x | 0.110.0x | 0.100.0x | 0.100.0x | 0.090.0x | 0.090.0x |
| FCF Margin | 23.7%-1.9pp | 2.5%-1.8pp | 33.8%-1.6pp | 18.1%-6.2pp | 25.6%-2.2pp | 4.3%-5.1pp | 35.4%+1.9pp | 24.3%+3.1pp |
Not reported in any period shown, so not listed: Return on Equity, Debt-to-Equity.
Note: Shareholder equity is negative (-$9.7B), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| TransDigm Group Incorporated TDG | FY2025 | $8.8B | $2.1B | 23.5% | $61.2B | 73/100 |
| Howmet Aerospace Inc. HWM | FY2025 | $8.3B | $1.5B | 18.3% | $88.8B | 71/100 |
| General Dynamics Corporation GD | FY2025 | $52.5B | $4.2B | 8.0% | $89.3B | 63/100 |
| Northrop Grumman Corp. NOC | FY2025 | $42.0B | $4.2B | 10.0% | $68.8B | 49/100 |
| L3Harris Technologies, Inc. LHX | FY2026 | N/A | $1.6B | N/A | $44.1B | — |
| HEICO Corporation HEI | FY2025 | $4.5B | $690.4M | 15.4% | $41.4B | 75/100 |
Where TransDigm Group Incorporated Ranks
Frequently Asked Questions
What is TransDigm Group Incorporated's annual revenue?
TransDigm Group Incorporated (TDG) reported $8.8B in total revenue for fiscal year 2025. This represents a 11.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is TransDigm Group Incorporated's revenue growing?
TransDigm Group Incorporated (TDG) revenue grew by 11.2% year-over-year, from $7.9B to $8.8B in fiscal year 2025.
Is TransDigm Group Incorporated profitable?
Yes, TransDigm Group Incorporated (TDG) reported a net income of $2.1B in fiscal year 2025, with a net profit margin of 23.5%.
What is TransDigm Group Incorporated's EBITDA?
TransDigm Group Incorporated (TDG) had EBITDA of $4.5B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does TransDigm Group Incorporated have?
As of fiscal year 2025, TransDigm Group Incorporated (TDG) had $2.8B in cash and equivalents against $29.2B in long-term debt.
What is TransDigm Group Incorporated's gross margin?
TransDigm Group Incorporated (TDG) had a gross margin of 60.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is TransDigm Group Incorporated's operating margin?
TransDigm Group Incorporated (TDG) had an operating margin of 47.2% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is TransDigm Group Incorporated's net profit margin?
TransDigm Group Incorporated (TDG) had a net profit margin of 23.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is TransDigm Group Incorporated's free cash flow?
TransDigm Group Incorporated (TDG) generated $1.8B in free cash flow during fiscal year 2025. This represents a -3.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is TransDigm Group Incorporated's operating cash flow?
TransDigm Group Incorporated (TDG) generated $2.0B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are TransDigm Group Incorporated's total assets?
TransDigm Group Incorporated (TDG) had $22.9B in total assets as of fiscal year 2025, including both current and long-term assets.
What are TransDigm Group Incorporated's capital expenditures?
TransDigm Group Incorporated (TDG) invested $222.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does TransDigm Group Incorporated spend on research and development?
TransDigm Group Incorporated (TDG) invested $118.0M in research and development during fiscal year 2025.
What is TransDigm Group Incorporated's current ratio?
TransDigm Group Incorporated (TDG) had a current ratio of 3.21 as of fiscal year 2025, which is generally considered healthy.
What is TransDigm Group Incorporated's return on assets (ROA)?
TransDigm Group Incorporated (TDG) had a return on assets of 9.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is TransDigm Group Incorporated's P/E ratio?
TransDigm Group Incorporated (TDG) trades at 28.8x earnings, its market capitalization divided by net income of $2.1B net income, trailing 12 months to June 27, 2026. The market capitalization is $61.2B as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is TransDigm Group Incorporated's price-to-sales ratio?
TransDigm Group Incorporated (TDG) trades at 6.1x sales, its market capitalization divided by revenue of $10.0B revenue, trailing 12 months to June 27, 2026. The market capitalization is $61.2B as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Why is TransDigm Group Incorporated's debt-to-equity ratio negative or not reported?
TransDigm Group Incorporated (TDG) has negative shareholder equity of -$9.7B as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is TransDigm Group Incorporated's Altman Z-Score?
TransDigm Group Incorporated (TDG) has an Altman Z-Score of 1.72, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is TransDigm Group Incorporated's Piotroski F-Score?
TransDigm Group Incorporated (TDG) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are TransDigm Group Incorporated's earnings high quality?
TransDigm Group Incorporated (TDG) has an earnings quality ratio of 0.98x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can TransDigm Group Incorporated cover its interest payments?
TransDigm Group Incorporated (TDG) has an interest coverage ratio of 2.65x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is TransDigm Group Incorporated?
TransDigm Group Incorporated (TDG) scores 73 out of 100 on our Financial Health Score, indicating strong standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.